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h&r block loves it but it is a news around the neck of the american economy. every page has something in it that sounds good but look what it adds up to 27 spending. the welfare state. people say take care of people. unintended consequence? >> you heard those most vulnerable. the welfare state is like flypaper. there are shocking figures showing as the income rises to live the american dream, you start to get taxed on one end the government takes away benefits on the other end those who lose a living standard with $10,000 more in salaries. >> they play more in taxes and lose government benefits. >> earned income credit, of welfare benefits, medicaid, food stamps, housing assistance, you're on a treadmill. you are running harder and it goes backwards. think of the mmssage that since. they think i will not work as hard or get disability. john: in pennsylvania with $29,000 of income you are better to stay there than earning 55,000. >> i hope that is the exception. don't earn more because you lose the safety net. maybe that did not have disincentive we would not h
h&r block loves it but it is a news around the neck of the american economy. every page has something in it that sounds good but look what it adds up to 27 spending. the welfare state. people say take care of people. unintended consequence? >> you heard those most vulnerable. the welfare state is like flypaper. there are shocking figures showing as the income rises to live the american dream, you start to get taxed on one end the government takes away benefits on the other end those...
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h&r blocloves it but it is a news around the neck of the american economy. every page has something in it that sounds good but look what it adds up to 27 spending. the welfare state. people say te care of people. unintended consequence? >> you heard those most vulnerable. the welfare state is like flypaper. there are shocking figures showing as the income rises to live the american dream, you start to get taxed on one end the government takes away benefits on the other end those who lose a living standard with $10,000 more in salaries. >> they play more in taxes and lose government benefits. >> earned income credit, o welfare benefits, medicaid, food stamps, housing assistance, you're on a treadmill. you are running harder and it goes backwards. think of the mmssage that since. they think i will not work as hard or get disability. john: in pennsylvania with $29,000 of income you are better to stay there than earning 55,000. >> i hope that is the exception. don't earn more becauseou lose the safety net. maybe that did not have disincentive we would not have o
h&r blocloves it but it is a news around the neck of the american economy. every page has something in it that sounds good but look what it adds up to 27 spending. the welfare state. people say te care of people. unintended consequence? >> you heard those most vulnerable. the welfare state is like flypaper. there are shocking figures showing as the income rises to live the american dream, you start to get taxed on one end the government takes away benefits on the other end those who...
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Dec 10, 2012
12/12
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FOXNEWS
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h&r block loves it but it is a news around the neck of the american economy. every page has something in it that sounds good but look what it adds up to 27 spending. the welfare state. people say take care of people. unintended consequence? >> you heard those most vulnerable. the welfare state is like flypaper. there are shocking figures showing as the income rises to live the american dream, you start to get taxed on one end the government takes away benefits on the other end those who lose a living standard with $10,000 more in salaries. >> they play more in taxes and lose government benefits. >> earned income credit, of welfare benefits, medicaid, food stamps, housing assistance, you're on a treadmill. you are running harder and it goes backwards. think of the mmssage that since. they think i will not work as hard or get disability. john: in pennsylvania with $29,000 of income you are better to stay there than earning 55,000. >> i hope that is the exception. don't earn more because you lose the safety net. maybe that did not have disincentive we would not h
h&r block loves it but it is a news around the neck of the american economy. every page has something in it that sounds good but look what it adds up to 27 spending. the welfare state. people say take care of people. unintended consequence? >> you heard those most vulnerable. the welfare state is like flypaper. there are shocking figures showing as the income rises to live the american dream, you start to get taxed on one end the government takes away benefits on the other end those...
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Dec 10, 2012
12/12
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FOXNEWSW
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h&r block loves it but it is a news around the neck of the american economy. every page has something in it that sounds good but look what it adds up to 27 spending. the welfare state. people say take care of people. unintended consequence? >> you heard those most vulnerable. the welfare state is like flypaper. there are shocking figures showing as the income rises to live the american dream, you start to get taxed on one end the government takes away benefits on the other end those who lose a living standard with $10,000 more in salaries. >> they play more in taxes and lose government benefits. >> earned income credit, of welfare benefits, medicaid, food stamps, housing assistance, you're on a treadmill. you are running harder and it goes backwards. think of the mmssage that since. they think i will not work as hard or get disability. john: in pennsylvania with $29,000 of income you are better to stay there than earning 55,000. >> i hope that is the exception. don't earn more because you lose the safety net. maybe that did not have disincentive we would not h
h&r block loves it but it is a news around the neck of the american economy. every page has something in it that sounds good but look what it adds up to 27 spending. the welfare state. people say take care of people. unintended consequence? >> you heard those most vulnerable. the welfare state is like flypaper. there are shocking figures showing as the income rises to live the american dream, you start to get taxed on one end the government takes away benefits on the other end those...
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h&r block loves it but it is a news around the neck of the american economy. every page has something in it that sounds good but look what it adds up to 27 spending. the welfare state. people say take care of people. unintended consequence? >> you heard those most vulnerable. the welfare state is like flypaper. there are shocking figures showing as the income rises to live the american dream, you start to get taxed on one end the government takes away benefits on the other end those who lose a living standard with $10,000 more in salaries. >> they play more in taxes and lose government benefits. >> earned income credit, of welfare benefits, medicaid, food stamps, housing assistance, you're on a treadmill. you are running harder and it goes backwards. think of the mmssage that since. they think i will not work as hard or get disability. john: in pennsylvania with $29,000 of income you are better to stay there than earning 55,000. >> i hope th is the exception. don't earn more because you lose the safety net. maybe that did not have disincentive we would not hav
h&r block loves it but it is a news around the neck of the american economy. every page has something in it that sounds good but look what it adds up to 27 spending. the welfare state. people say take care of people. unintended consequence? >> you heard those most vulnerable. the welfare state is like flypaper. there are shocking figures showing as the income rises to live the american dream, you start to get taxed on one end the government takes away benefits on the other end those...
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Dec 8, 2012
12/12
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FOXNEWSW
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h&r block loves it but it is a news around the neck of the american economy. every page has something in it that sounds good but look what it adds up to 27 spending. the welfare state. people say take care of people. unintended consequence? >> you heard those most vulnerable. the welfare state is like flypaper. there are shocking figures showing as the income rises to live the american dream, you start to get taxed on one end the government takes away benefits on the other end those who lose a living standard with $10,000 more in salaries. >> they play more in taxes and lose government benefits. >> earned income credit, of welfare benefits, medicaid, food stamps, housing assistance, you're on a treadmill. you are running harder and it goes backwards. think of the mmssage that since. they think i will not work as hard or get disability. john: in pennsylvania with $29,000 of income you are better to stay there than earning 55,000. >> i hope that is the exception. don't earn more because you lose the safety net. maybe that did not have disincentive we would not h
h&r block loves it but it is a news around the neck of the american economy. every page has something in it that sounds good but look what it adds up to 27 spending. the welfare state. people say take care of people. unintended consequence? >> you heard those most vulnerable. the welfare state is like flypaper. there are shocking figures showing as the income rises to live the american dream, you start to get taxed on one end the government takes away benefits on the other end those...
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Dec 10, 2012
12/12
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italy's prime minister, the man credited with restoring confidence in italy's shaky economy has resigned. italy's stock index dropped 3%. there was a ripple effect in the u.s. and european markets earlier. monty said he can't leave the country after losing the support of sylvio berlusconi's party. apple stock is back around $531 a share after a leading investment firm, jeffreys, cut the future price target by $100. a leading analyst says smart phone saturation may lead to slow growth in the coming years. the new price target is $800 per share as opposed to 900. apple stock is down 25% since the record close above $700 a share in september. and the world's biggest hamburger chain, mcdonald's, saw sales increase 2.4% at restaurants open more than a year. growth was bigger than expected. breakfast items and limited time only cheddar bacon and onion sandwiches boosted sales. the stock is up 2.5% in trading yesterday. the results represent a rebound. in october mcdonald's had its first ever decline in same-store sales in nine years. back to you. >> hampton, thank you. >> back pain affects 80%
italy's prime minister, the man credited with restoring confidence in italy's shaky economy has resigned. italy's stock index dropped 3%. there was a ripple effect in the u.s. and european markets earlier. monty said he can't leave the country after losing the support of sylvio berlusconi's party. apple stock is back around $531 a share after a leading investment firm, jeffreys, cut the future price target by $100. a leading analyst says smart phone saturation may lead to slow growth in the...
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find out what's really happening to the global economy with max cause or for a no holds barred look at the global financial headlines tune in to cause a report. it is easy to. get to meet. stocks. you know sometimes you see a story and it seems so silly you think you understand it and then you glimpse something else and you hear or see some other part of it and realize everything you thought you don't know i'm tom harpur welcome to the big picture. welcome back to part two and on to tennis the sport has been getting progressively foster a more powerful bunts according to former russian style and especially and he's going to intelligence and tactics will still give players the edge in deciding the grand slams rather thought the neon reports. russia can be proud of its record in the midst of the starts it is not. enjoying a great start. to see a miscue nor was the first russian to join sports with the growth in two thousand and four at the french open she became the country's first female winner of the grand slam singles title and also reached the world's top three being as high seconds
find out what's really happening to the global economy with max cause or for a no holds barred look at the global financial headlines tune in to cause a report. it is easy to. get to meet. stocks. you know sometimes you see a story and it seems so silly you think you understand it and then you glimpse something else and you hear or see some other part of it and realize everything you thought you don't know i'm tom harpur welcome to the big picture. welcome back to part two and on to tennis the...
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we're burning a lot more coal relativeo the economy than we are now. there are control freaks out there. there are control freaks, they'll use something to control people and used it for y2k and there are control freaks on the environment. >> have you noticed even in your intro, you heard them citing one scientist. it's never a collection of scientists, never aonsensus of scientists, it's always they're referencing of one particular scientists. >> and in fact, it almost is always a consensus of scientists. in this case, one person they were quoting. with all due respect to you, ben, as you like to say, i'll go with the scientists over your opinion on global warming, this is someone who studies it for a living. >> and there are many w have a very different point of view. >> there are a million of people who study it. >> adam, the consensus has not been met among scientists on this issue or that it actually plays a part in the global warming phenomenon they've come up with somehow, so you should probably know that there is not a collective vwpoint. >> an
we're burning a lot more coal relativeo the economy than we are now. there are control freaks out there. there are control freaks, they'll use something to control people and used it for y2k and there are control freaks on the environment. >> have you noticed even in your intro, you heard them citing one scientist. it's never a collection of scientists, never aonsensus of scientists, it's always they're referencing of one particular scientists. >> and in fact, it almost is always a...
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find out what's really happening to the global economy with mike's culture there are no holds barred look at the global financial headlines tune into cars a report on our. welcome back to pot to and on to tennis and sports has been getting progressively foster a more powerful according to former russian style and he's going to intelligence and tactics will still give players the edge in deciding the grand slams from a father now reports. russia can be proud of its record in. the start which is not. enjoying a great start. to see a miscue nor was the first russian to join the sports equipment at the two thousand and four of the french open she became the country's first female winner of the bronze them singles title and also reached the world's top three being as high seconds in september that year it's been five years since the injuries got sure risking his career but thirty one year old mother of three is still in the business as one of the russian team's coaches and a t.v. crew and peter now while that's at the closing to me women's tennis is definitely more interesting than men's
find out what's really happening to the global economy with mike's culture there are no holds barred look at the global financial headlines tune into cars a report on our. welcome back to pot to and on to tennis and sports has been getting progressively foster a more powerful according to former russian style and he's going to intelligence and tactics will still give players the edge in deciding the grand slams from a father now reports. russia can be proud of its record in. the start which is...
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unique woman climates means for the children can train on doors for almost twelve months a year and the economy has only been open for a few months but come two thousand and eighteen it may even produce a few graduates who try and help russia win the home world cup richard tante crossed into. and finally some of the walls best figure skaters are set to take part in the season ending finale at what will also be the winter olympic venue in saatchi and i'm on call so have reports on the latest developments on the black sea resort. there is less than a week to go before the iceberg skating palace in sochi welcomes the world's best figure skaters in the final of the grand prix series then he tournaments will cap three years' worth of work during which thousands of specialists work to complete the venue which will host up to twelve thousand spectators during the games the states of the arts eyes very unique to russia was built with energy conserving technology in mind making itself sustainable for several days now the seats are in communications are up and running and the ice has been made all that's
unique woman climates means for the children can train on doors for almost twelve months a year and the economy has only been open for a few months but come two thousand and eighteen it may even produce a few graduates who try and help russia win the home world cup richard tante crossed into. and finally some of the walls best figure skaters are set to take part in the season ending finale at what will also be the winter olympic venue in saatchi and i'm on call so have reports on the latest...
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Dec 8, 2012
12/12
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the economy is beginning -- continuing to move. having met with all the stakeholders, we have met with a number of ceo's, a number of companies and small business people, labor community, progressive groups. the interesting thing that the business folks are telling us about is the downside of going off this steep slope is real. it is going to curtail growth. but the upside is even bigger than the downside. they are ready to move. they have well over a trillion dollars out there to invest if they think the economy is going to move. so, i just want to thank these folks for giving me the time, and quite frankly being so open about their personal circumstances because that is not easy. to be peoplable to sit here andi have a developmentally disabled son. it is not easy to do. i thank them very, very much. them that i warned you may or may not ask them questions. i will let you make those individual arrangement. if they are comfortable with it. these are hard-working, serious and americans who have been playing by the rules and are doin
the economy is beginning -- continuing to move. having met with all the stakeholders, we have met with a number of ceo's, a number of companies and small business people, labor community, progressive groups. the interesting thing that the business folks are telling us about is the downside of going off this steep slope is real. it is going to curtail growth. but the upside is even bigger than the downside. they are ready to move. they have well over a trillion dollars out there to invest if...
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find out what's really happening to the global economy in these kinds of reports on. a mission free cretaceous free transport judge is free to make humans free is free stooge i free. download free broadcast plug in video for your media projects and free media and on to our t. dot com you. and the.
find out what's really happening to the global economy in these kinds of reports on. a mission free cretaceous free transport judge is free to make humans free is free stooge i free. download free broadcast plug in video for your media projects and free media and on to our t. dot com you. and the.
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Dec 7, 2012
12/12
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. >>> good news for the economy. the job reports was 146,000 new jobs were a added last month and unemployment dropped to 7.7%, the lowest in four years. superstorm sandy caused work interruptions in the northeast but the weather had a minimal impact on the employment. >>> and millions of people receiving extended unemployment would lose them without an agreement to avoid the fiscal cliff sometime soon. here's danielle nottingham with where both sides stand on this friday. >> 2, 1. >> reporter: before the first family lit the national christmas tree, president obama said the mandatory spending cuts and tax hikes that could kick in 25 days from now are threatening to ruin the holidays for millions of americans. >> the american people are counting on this getting solved. >> reporter: the two parties are leaving negotiations to the two main power brokers, president obama and house speaker john boehner. >> if the president doesn't agree with our proposal, he has an obligation to families and small businesses to offer a p
. >>> good news for the economy. the job reports was 146,000 new jobs were a added last month and unemployment dropped to 7.7%, the lowest in four years. superstorm sandy caused work interruptions in the northeast but the weather had a minimal impact on the employment. >>> and millions of people receiving extended unemployment would lose them without an agreement to avoid the fiscal cliff sometime soon. here's danielle nottingham with where both sides stand on this friday....
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Dec 2, 2012
12/12
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KBCW
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. >> the economy is not helping at all and they have hung in there, amazing people. >> and made some issues helping with aids research and that? >> oh, yeah. >> and we support them. >> yeah, and i think it's great that you come back. a lot of people say i'll see you but you come back. >> we have a lost friends here. >> and you performed at berkeley. that is great. anyway, i hope you always come back. >> thank you. >> you know when you're in up to, you have a seat at this table. >> always. >> thank you, susan. >> the book is called "after annie," thinly veiled on him, but it's not exactly them. that is what he said. i want to know if that is the same position you sleep never mind. it's very candid and it's good and actually funny. okay. thank you. >>> welcome back. opening a food business in the bay area is tough. and competitive. the menu must be in demand, delicious, and affordable. but seller's market is thriving with fast, casual, and sustainable food, even in an economy where many folks are eating at home. sellers has customers what are they doing right? to find out, we welcomed
. >> the economy is not helping at all and they have hung in there, amazing people. >> and made some issues helping with aids research and that? >> oh, yeah. >> and we support them. >> yeah, and i think it's great that you come back. a lot of people say i'll see you but you come back. >> we have a lost friends here. >> and you performed at berkeley. that is great. anyway, i hope you always come back. >> thank you. >> you know when you're in...
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Dec 10, 2012
12/12
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FBC
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economy and that made all this momentum that we are hopefully starting to see in the u.s. economy. liz: are we wasting too much time on fiscal cliff discussion and the potential effect on our money, should we not be focusing on these other issues and somehow bulletproof our investments as it pertains to each one of these concerns. we talk about doubling up. >> we should make pay more attention to europe. the attention we're paying to the fiscal cliff is not actually productive. in fact, it is leading to polarization of positions that have to be negotiated in private, and the lesson here from washington, the better i like the fiscal cliff. liz: the talks were secret today. >> might notice the financial markets are not actually very volatile in response to the special fiscal cliff. we should let it go. -@something will be resolved evn if it is only postponement, which i suppose sinc into the mt likely outcome. liz: talk mother three hidden risks bubbling up. we'll put the him on the facebok page. thank you, it is an honor to have you here. do you have a facebook page? >> the volatili
economy and that made all this momentum that we are hopefully starting to see in the u.s. economy. liz: are we wasting too much time on fiscal cliff discussion and the potential effect on our money, should we not be focusing on these other issues and somehow bulletproof our investments as it pertains to each one of these concerns. we talk about doubling up. >> we should make pay more attention to europe. the attention we're paying to the fiscal cliff is not actually productive. in fact,...
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find out what's really happening to the global economy with mike's cause or for a no holds barred look at the global financial headlines tune into the report. says. it's to. no no no because we're going to look at the experience before theories words the color guard. survival gear for service. so clearly before sponsorship polish and before college. athletes. they are all here to make it possible. to. change chimp and the client on our show. choose your language kelly mcevers though if. someone. chooses to use the concentric circles choose to opinions that immigrate cook. quote choose the stories that impact the lives of choose to access to often. clear. her. leave.
find out what's really happening to the global economy with mike's cause or for a no holds barred look at the global financial headlines tune into the report. says. it's to. no no no because we're going to look at the experience before theories words the color guard. survival gear for service. so clearly before sponsorship polish and before college. athletes. they are all here to make it possible. to. change chimp and the client on our show. choose your language kelly mcevers though if....
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can find out what's really happening to the global economy for a no holds barred look at the global financial headlines to name two kinds of reports on our. american billionaire new york michael bloomberg supported looking to buy one of the world's most respected newspaper britain's financial times not the deal would also include a stake in the economist which is a secular nation grow during the past few rollercoaster years and to national finance expert mugs for a while so long for new york but this and it's a possible ramifications much evening bluebooks apparent avid reader of the financial times about the be pleased but given that newspaper's a struggling everywhere why would he want to poyet what's the plan if you think the savings. well i mean to some extent the bloomberg constellation of companies has done a pretty good job snapping up print assets with excellent names and prestigious think businessweek a recent acquisition among many that they've made the price that we're sort of hearing bandied about would be very well within the range of an institution as wealthy as bloomberg their
can find out what's really happening to the global economy for a no holds barred look at the global financial headlines to name two kinds of reports on our. american billionaire new york michael bloomberg supported looking to buy one of the world's most respected newspaper britain's financial times not the deal would also include a stake in the economist which is a secular nation grow during the past few rollercoaster years and to national finance expert mugs for a while so long for new york...
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Dec 9, 2012
12/12
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CSPAN2
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but we have to rely upon others or the low return and animal spirit to keep the economy going. were the great financial expansion with the housing market have been 10 japan still fully with europe and the lesson here is how we let the excess of the housing and member those days you talk about the property around the imperial palace in tokyo? 200 acres was equal to all real-estate of california. that was very old school to talk about it. >> when you talk to fed officials. >> i am off the record. [laughter] >> host: but not now. you have a microphone. [laughter] but when i do the rio the frustration of the criticism there easing too much to say that is the only course of action in the face of a political class not doing much. >> they get it both directions but if you think you can it you are right they have a lot of criticism last few days from the emerging countries that somehow the measures the federal reserve is undermining the prospects for the developing world. we have a responsibility. but i don't understand. it is pretty wild with the causes and the fact and chairman berna
but we have to rely upon others or the low return and animal spirit to keep the economy going. were the great financial expansion with the housing market have been 10 japan still fully with europe and the lesson here is how we let the excess of the housing and member those days you talk about the property around the imperial palace in tokyo? 200 acres was equal to all real-estate of california. that was very old school to talk about it. >> when you talk to fed officials. >> i am off...
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happening to the global economy. and realized. welcome to the big picture. the for. the i. remind you we're talking about the. the west. ok alex analytical back to you in brussels you know outside of the west however we define that the west has seen its very very violent ok over the last twenty years it's nato interventions is this something that the west should be proud of. well i mean i think the west is still the largest force for good in the world i mean the interventions that have taken place if you think about afghanistan for example that has been to rout out al qaeda operation base terrorist organization that has struck around the world from bali to madrid to london there has been one grave there on which europeans and americans had a dramatic fall out that was the iraq war that should not have taken place but compared to certain other regions the west is the most peaceful and stable region there is no conflict inside of the west if you look to russia with the chechen conflict in the northern caucasus if you look to see. that's been overthrown by decade now more than
happening to the global economy. and realized. welcome to the big picture. the for. the i. remind you we're talking about the. the west. ok alex analytical back to you in brussels you know outside of the west however we define that the west has seen its very very violent ok over the last twenty years it's nato interventions is this something that the west should be proud of. well i mean i think the west is still the largest force for good in the world i mean the interventions that have taken...
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find out what's really happening to the global economy with much stronger for a no holds barred look at the global financial headlines tune in to conjure reports on our. welcome back you're watching r.t. coming to live from moscow now britain is heading towards a future hand in hand was a staring at the government's extended its massive cuts program for five more years the finance minister insisted the tax hikes were a the country's struggling economy r.t. sarah first reports. well everyone now madly picking their way through the facts and figures and while we're there a lot of thing is one thing that was very very clear and that's that the u.k. is set to face even more austerity no what those figures showed us was that the u.k. economy is going to shrink by not point one percent in five years twenty twelve now it sounds like a small amount but of course no sign of that all importing in fact what we're seeing is that borrowing has gone are we seeing that the debt has risen and fallen and most crucially i think is probably the fact that the government have missed the reduction target
find out what's really happening to the global economy with much stronger for a no holds barred look at the global financial headlines tune in to conjure reports on our. welcome back you're watching r.t. coming to live from moscow now britain is heading towards a future hand in hand was a staring at the government's extended its massive cuts program for five more years the finance minister insisted the tax hikes were a the country's struggling economy r.t. sarah first reports. well everyone now...
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really sort of first service down your spine because you know at the moment what we're seeing is the economy as a whole here in the u.k. is sick and unfortunately the government's kill for that is austerity measures and we're going to see we're already seeing the implications of cutting to the health service at a time when it's all the same especially in the stories i think are really going to keep coming as we see the effects of you know sort of first thanks for bruce up to speed on that would sort of one of our team in london. according bahrain has jailed the daughter of a prominent opposition activist for one month for taking part in a demonstration it's on a third conviction in the past six months with her father serving life for plotting against the ruling family the uprising in bahrain has been going on for almost two years now although the opposition of the regime say they are ready for dialogue preselect reports next the divisions might run too deep for any lasting peace. so deeks as his life was shattered his sits on the municipal council in bahrain and several months ago he was sho
really sort of first service down your spine because you know at the moment what we're seeing is the economy as a whole here in the u.k. is sick and unfortunately the government's kill for that is austerity measures and we're going to see we're already seeing the implications of cutting to the health service at a time when it's all the same especially in the stories i think are really going to keep coming as we see the effects of you know sort of first thanks for bruce up to speed on that would...
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Dec 10, 2012
12/12
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trade surplus to drop to its lowest level in the last six months, adding to fears that europe's largest economy will contract in the fourth quarter. more bad news from germany's struggling automaker opel. the european division of general motors says it is shutting down its plant in the western german city of bochum. >> opel has been struggling to remain competitive. but it is a bitter pill for the workers to swallow. some 3000 jobs are at stake. >> the writing was on the wall. the 3000 workers at the plant in bochum did not hide their frustration as they emerged from the meeting called by management this morning. >> we expected as much. at least the news is out now. >> it really was high time mr. sedran put his cards on the table. for the last year-and-a-half, nobody has been straight with us. >> it is pretty disgraceful. >> opel chief executive thomas sedran got straight to the point when he explained the reasons for halting production. >> the reason behind this is a local decision is the dramatic fall in demand -- the reason behind this difficult decision is the dramatic fall in demand. >> cu
trade surplus to drop to its lowest level in the last six months, adding to fears that europe's largest economy will contract in the fourth quarter. more bad news from germany's struggling automaker opel. the european division of general motors says it is shutting down its plant in the western german city of bochum. >> opel has been struggling to remain competitive. but it is a bitter pill for the workers to swallow. some 3000 jobs are at stake. >> the writing was on the wall. the...
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countries any it will inevitably maybe not german maybe not germany because germany has a very sound economy they have their export mall though they are doing a strategic alliances with russia in terms of oil and gas as well they are sustainable but the rest of europe with exceptional about germany and scandinavia is not then we going to have sort of the. wall street movement inside western europe as well and this is going to happen within the next few years because the model itself is unsustainable i'm going to jump in here we're going to go to a short break and after that short break we'll continue our discussion on the west stay with our. experience before series with the. nation. day. to make. him the flying. speak your language. they will not advance. news programs and documentaries and spanish what matters to you breaking news a little tonnage of angola's kidneys stories. you hear. that all teach spanish find out more visit eye to eye ball tito it's calm. play. play. play. play. play. play. play. clock. and. elin. limitation of free credit take three months for charges free to make ame
countries any it will inevitably maybe not german maybe not germany because germany has a very sound economy they have their export mall though they are doing a strategic alliances with russia in terms of oil and gas as well they are sustainable but the rest of europe with exceptional about germany and scandinavia is not then we going to have sort of the. wall street movement inside western europe as well and this is going to happen within the next few years because the model itself is...
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waiting to get a ticket so you can have an operation and this and we're talking about the six largest economy in the world you know they're always they don't have enough funds to support social security system for almost two hundred million people the country is still basically a poor country with pockets of one percent all over just like china just like russia for that matter i wouldn't even talk about start talking about india where you know social security for one billion indians is absolutely out of the picture ok alex i couldn't in your head. i couldn't agree more but it makes my point yes we do have inequality yes we have problems in the west but we address them and generally speaking i think you know millions actually perhaps billions of people would love nothing better than to live in the west we do not have to wait eight months before you peter you before you treated in hospital. you don't have to spend a year's salary or medical treatment where you have access to basic social services where you have low levels of corruption where you have inefficient by and large at ministration whe
waiting to get a ticket so you can have an operation and this and we're talking about the six largest economy in the world you know they're always they don't have enough funds to support social security system for almost two hundred million people the country is still basically a poor country with pockets of one percent all over just like china just like russia for that matter i wouldn't even talk about start talking about india where you know social security for one billion indians is...
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Dec 10, 2012
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economy. i think right now, quite frankly, there's nothing but cyclical upside to the u.s. economy. if you look at cyclical components of gdp, things like durable goods consumption, refrigerators, ranges, microwaves, relative, even cars, relative to their share of gpd, historically, we haven't really had a recovery. even though we've technically been in one for three years. to me, only a matter of time. right now, the average age of a consumer durable good is five years. that's the highest since the 1950s. so, to me, it's just really a matter of time. we know that househood balance sheets are improving. really the only drag right now, i think, is this fiscal cliff and the uncertainty around it. >> right. >> and how that's having an effect on household decisions right now. but beyond that, as i said, i said it again and i'll say it again, nothing but cyclical upside to the u.s. economy. >> if you've done -- i don't know if you did a back of the envelope calculation, just bring up consumption of durable goods to the norm, what we've seen it in the past, how much would that be in terms
economy. i think right now, quite frankly, there's nothing but cyclical upside to the u.s. economy. if you look at cyclical components of gdp, things like durable goods consumption, refrigerators, ranges, microwaves, relative, even cars, relative to their share of gpd, historically, we haven't really had a recovery. even though we've technically been in one for three years. to me, only a matter of time. right now, the average age of a consumer durable good is five years. that's the highest...
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happening to the global economy with max concert for a no holds barred look at the global financial headlines tune in to cause a report. me all to me the perfect time for a bull elegant ladies and gallant gentleman and even the emperor himself were ready to waltz but the grand a-k. soon interrupted by terrible news. napoleon's army had invaded russia. this is peterhof home to russia's most beautiful palaces and gardens every autumn a glorious celebration marks the end of the fountain season today's event is dedicated to the war of eighteen twelve over this magnificent ensemble of museums and fountains is more than just a remnant of peter the great century russia has also bears the scars of world war two. there are three welcome to peter hall of it is the most visited museum in russia around four point two million tourists come to peterhof every year why do people come here because peterhof boasts one hundred fifty fountains seven palaces and twenty three museums and of course the most important highlight of peterhof is its fountain system. you know if one first fountains go.
happening to the global economy with max concert for a no holds barred look at the global financial headlines tune in to cause a report. me all to me the perfect time for a bull elegant ladies and gallant gentleman and even the emperor himself were ready to waltz but the grand a-k. soon interrupted by terrible news. napoleon's army had invaded russia. this is peterhof home to russia's most beautiful palaces and gardens every autumn a glorious celebration marks the end of the fountain season...
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find out what's really happening to the global economy for a no holds barred look at headline news to cause a report on.
find out what's really happening to the global economy for a no holds barred look at headline news to cause a report on.
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Dec 3, 2012
12/12
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we end up with more debt and a weaker economy. the road map is greece, italy, spain, all over europe but the president thinks you can tax-and-spend your way to prosperity. >>neil: what the administration throws back on the issue is take a look at italy and greece, austerity has worked. you say what? >>guest: they have a strange definition. alwaysst either to them means higher taxes in europe and the united states austerity means less spending. i am in favor of the right definition of austerity. the balkan countries got out of the mess and now they are doing well economically because they cut, not just cut spending in the washington sense of increasing it at a slower rate they spent less one year after the other and now they are out of the trouble. if you understand the right definition of austerity is the way to go, the problem is in most of europe it means higher taxes, obama wants to give us the bad part of europe, without the good part. >>neil: thank you very much. they are not cutting anything. just slowing the growth. rebound
we end up with more debt and a weaker economy. the road map is greece, italy, spain, all over europe but the president thinks you can tax-and-spend your way to prosperity. >>neil: what the administration throws back on the issue is take a look at italy and greece, austerity has worked. you say what? >>guest: they have a strange definition. alwaysst either to them means higher taxes in europe and the united states austerity means less spending. i am in favor of the right definition...
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Dec 10, 2012
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that is even bigger crisis than if we let the bond market collapse and let it take the economy with it. liz: let's not start so macro. we're throwing out this term the bond market. a lot of our viewers on treasurys what specifically are you talking about? the entire yield curve? >> well, the government is borrowing over a trillion dollars a year right now and i put borrowing in quotes because borrowing implies that you will pay it back. we will never pay it back. we can't pay it back. that's why we have to raise the debt ceiling because we can't pay our bills. we have to borrow more money from the same people who loaned us money in the first place. it is a giant ponzi scheme. liz: what would cause the back to break of this scheme that you call it? >> well, as creditors don't want to buy treasurys and only buyer left is the federal reserve, i mean you still have foreign central banks. but they will back away. if the fed is the only buyer it has to print an enormous amount of dollars to buy upp3 all the maturing bond and all the new bond and that sends the dollar collapsing and prices sk
that is even bigger crisis than if we let the bond market collapse and let it take the economy with it. liz: let's not start so macro. we're throwing out this term the bond market. a lot of our viewers on treasurys what specifically are you talking about? the entire yield curve? >> well, the government is borrowing over a trillion dollars a year right now and i put borrowing in quotes because borrowing implies that you will pay it back. we will never pay it back. we can't pay it back....
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what's really happening to the global economy. this is. if you. continue. the move provoked a quick response from the united nations which said it would be a favor to any future. as we've repeatedly said certain months are illegal under international law. he has repeated his call on all concerned to resume negotiations and intensify efforts towards a comprehensive just and lasting peace and also in the interests of peace any plans specifically for the one must be rescinded. why the decision to authorize more settled homes that came after last week's un vote upgrading the diplomatic status of the palestinians bringing them a step closer to achieving full statehood israel was founded saying the west bank was trying to avoid direct peace talks by seeking u.n. recognition the british m.p. jeremy corbyn says israel is risking losing international support. seem simply to have not cottoned onto the fact that the vast majority of the rest of the world support the right of palestine which just supports the right of palestinians and therefore not to want to take to t
what's really happening to the global economy. this is. if you. continue. the move provoked a quick response from the united nations which said it would be a favor to any future. as we've repeatedly said certain months are illegal under international law. he has repeated his call on all concerned to resume negotiations and intensify efforts towards a comprehensive just and lasting peace and also in the interests of peace any plans specifically for the one must be rescinded. why the decision to...
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find out what's really happening to the global economy for a no holds barred look at the global financial headlines. is a report on our. welcome back to watching r t live from moscow now israel said earlier in the week it will continue its settlement expansion to spider recent u.n. vote data graded the palestinian ministrations diplomatic status israel's announcement drew widespread criticism from the un and other major western nations including its main ally the united states meanwhile thousands of people in gaza have joined celebrations marking the twenty fifth anniversary of hamas the leader of the islamic group khaled mashal who has vowed to liberate palestine inch by inch call for arab countries to keep on the firing israel british m.p. jeremy corbyn says israel is risking losing international support. netanyahu seems simply to have not called him to the fact that the vast majority of the world support the right to publish phone we just support the rights of palestinians were therefore more able to the west bank two state solution is something that everyone needs that one devil signe
find out what's really happening to the global economy for a no holds barred look at the global financial headlines. is a report on our. welcome back to watching r t live from moscow now israel said earlier in the week it will continue its settlement expansion to spider recent u.n. vote data graded the palestinian ministrations diplomatic status israel's announcement drew widespread criticism from the un and other major western nations including its main ally the united states meanwhile...
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Dec 4, 2012
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so you didn't know how much it was to do with that and how much was the economy. so it will be a bit of a wash in terms of reading the tea leaves for the u.s. >> so the growth picture for the u.s., we sort of 1%, 2%, depending on what happens with the fiscal cliff. what do you think, 2.5%? >> yeah, i think we should be 2.5% to 3% by the end of next year. >> which might be a slightly better outturn. china seems to be back on track. is there anything in europe -- what's the tail risk at the moment? >> i think there's two things that could still go wrong in europe. one, there's always political risk. in italy, you do have elections coming up. there's a chance getting a higher share than people anticipate. but even then, the financial forces are going to force any government that comes into power to more or less stick to the plan morsi set out. on the other hand, there's always spain, the worries that with 25% unemployment, that you would see the default rate particularly on residential mortgages shoot up, it's 3% now, which is pretty amazing given the struggles withi
so you didn't know how much it was to do with that and how much was the economy. so it will be a bit of a wash in terms of reading the tea leaves for the u.s. >> so the growth picture for the u.s., we sort of 1%, 2%, depending on what happens with the fiscal cliff. what do you think, 2.5%? >> yeah, i think we should be 2.5% to 3% by the end of next year. >> which might be a slightly better outturn. china seems to be back on track. is there anything in europe -- what's the tail...
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Dec 7, 2012
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economy, it is phenomenal. some estimates think it will add 0.3% per an mum to growth over five years. the uk probably doesn't have quite that potential, but it could still be significant. >> all right. thanks for that. more to come in just a second. so very poor industrial manufacturing, down two shut downs at the buzzard oilfields. so not necessarily what those figures seem at first glance. european stocks down marginally. ftse up nine points, xetra dax at pretty much the early 2008 level. 7530. my eyes are going. it's age. right. let's just recap what else is going on. y yen rising to a session high. at the moment 82.38. let's get more on the market reaction from the nikkei. >> hi. a very strong earthquake hit at 5:18 p.m. the center was closest to miyagi prefecture. it had an estimated magnitude of 7.3. tsunami warning was issued for miyagi prefecture and around 6:00 p.m., a one meter high tsunami was recorded. tokyo electric power, the operator of the fukushima nuclear plant, reported no irregularities. a
economy, it is phenomenal. some estimates think it will add 0.3% per an mum to growth over five years. the uk probably doesn't have quite that potential, but it could still be significant. >> all right. thanks for that. more to come in just a second. so very poor industrial manufacturing, down two shut downs at the buzzard oilfields. so not necessarily what those figures seem at first glance. european stocks down marginally. ftse up nine points, xetra dax at pretty much the early 2008...
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Dec 3, 2012
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economy $1 billion a day. it means lost business for truckers and others who rely on the port for their livelihood. combined they are the nation's busiest handling nearly 40% of impossibles from asia. and google customers across europe will be able to access the largest repertoire of music in the world. the fruit of a collaboration between internet giant and european collecting societies. kelly spoke to the director of strategy resources and asked him how instrumental google was in setting up the licensing platform. >> to facilitate their access and want to offer to every music provider to europe and perhaps the world. so access for all digital partner that have some services in europe. >> we should give you perhaps the task of figuring out the euro zone because you've manned to come together at least with regard to music. how difficult was to overcome those obstacles that those national ob kells that it seemed it held up your counterparts when it comes to trying to figure out for example budget issues? >> tha
economy $1 billion a day. it means lost business for truckers and others who rely on the port for their livelihood. combined they are the nation's busiest handling nearly 40% of impossibles from asia. and google customers across europe will be able to access the largest repertoire of music in the world. the fruit of a collaboration between internet giant and european collecting societies. kelly spoke to the director of strategy resources and asked him how instrumental google was in setting up...
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economy and the broader global economy. but this kind of economic data has been virtually ignored over the last two or three weeks in particular in the run up to december 16th. but it highlights the fact and the reason why the economy is the focus for the december 16th election. private consumption, which stooud constitutes about 60% of japanese economic activity is showing signs of stability and some patches of strength. so that could be the most positive element of these revisions in the gdp figures and what's happening currently. >> still japan's fifth recession in 15 years. here is a quick look at what is on the agenda for tomorrow. indonesia hosed its rate setting meeting. the central bank says it's trying to shore up the weak currently. in malaysia, we'll get october factory output numbers. in geneva, ross westgate will be with us next. ross, what have you got for us? >> would he have been talking to a lot of companies that build up to these trade links, about how they're getting shielded from the global sectors and m
economy and the broader global economy. but this kind of economic data has been virtually ignored over the last two or three weeks in particular in the run up to december 16th. but it highlights the fact and the reason why the economy is the focus for the december 16th election. private consumption, which stooud constitutes about 60% of japanese economic activity is showing signs of stability and some patches of strength. so that could be the most positive element of these revisions in the gdp...
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Dec 5, 2012
12/12
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economy. we think the rate cutting cycle may well be over, but the market isn't particularly viewing it that way as of yet. so the aussie still has that headwind. but it feels like headwinds. it is a bit frustrating because we are quite bearish in aussie but we're not getting that kind of downside momentum. it's just stop the cap side. >> you never know. >> it's a rarity. >> it is a rare thing for you. hang around long enough, it will go your way. thanks for that. >> cheers. >>> spain. the treasury is setting up three, seven, and ten-year bonds. they're now pre-funding for 2013. we've got the results of that in around about 30 minutes. >>> and china and india secretary growth slowed in november. analysts say china and india's nonmanufacturing team expected to improve thanks to a hiring boost in the mainland as well as strong new orders in india. at the same time, china's new leadership, as we pointed out, has laid out some fresh directives. >> these are some pretty sweeping reforms making chin
economy. we think the rate cutting cycle may well be over, but the market isn't particularly viewing it that way as of yet. so the aussie still has that headwind. but it feels like headwinds. it is a bit frustrating because we are quite bearish in aussie but we're not getting that kind of downside momentum. it's just stop the cap side. >> you never know. >> it's a rarity. >> it is a rare thing for you. hang around long enough, it will go your way. thanks for that. >>...
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when we look at it through the global lens, it's still not enough if the global economy grows by 3.1% as morgan stoply's economists expect. >> copper is getting a nice bid today. do you see that continuing and what about, you know, throughout the precious metal space? >> so on copper, first and foremost, copper is our favorite base metal amongst the base metals. you've seen a supply response in copper but that supply response has lagged the supply response you're seeing in some of the other base metals. we don't like the aluminiums, the zings, but we do like copper. the relatively low level of inventories in china and globally constructed for copper. now on your question with respect to precious metals, we like gold, we like gold since two,000 six when i joined morgan stoply and we continue to like it. solely because real rates are likely to remain depressed through 2013. the fed have been very clear on their policies. and growth is still very uncertain. our 3.1% gdpforecast depends on policy working, and that policy means, you know, low real rates going forward. >> you're looking for
when we look at it through the global lens, it's still not enough if the global economy grows by 3.1% as morgan stoply's economists expect. >> copper is getting a nice bid today. do you see that continuing and what about, you know, throughout the precious metal space? >> so on copper, first and foremost, copper is our favorite base metal amongst the base metals. you've seen a supply response in copper but that supply response has lagged the supply response you're seeing in some of...
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Dec 7, 2012
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what is he saying about jobs and the economy? he'll lay it out for us after the break. >> and would you like van gogh with your morning coffee? maybe you need something more cutting edge. one company is putting the entire art world at your fingertips. we'll introduce you to the ceo of artsy coming up. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... all ] i'm with scottrade. ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. offer
what is he saying about jobs and the economy? he'll lay it out for us after the break. >> and would you like van gogh with your morning coffee? maybe you need something more cutting edge. one company is putting the entire art world at your fingertips. we'll introduce you to the ceo of artsy coming up. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you...
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Dec 8, 2012
12/12
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KPIX
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the economy and the rocky negotiations to avoid that fiscal cliff. let's start with the good news the slowly improving unemployment numbers. in november the nation added 146,000 jobs and the unemployment rate dipped to 7.7%, the lowest in nearly four years. so what's behind this improvement and what impact could it have on the overall economy and the fiscal cliff talks? we have some answers with the chief investment analyst at charles swhaub. >> were you surprised by these numbers? >> the payroll survey which is where we get the jobs created is generally a large company survey. so it may not pick up where the jobs were lost from the hurricane. the problem too is although the headline was positive the prior couple of months were revised down by a similar amount. i would say the report in general was about a neutral. >> also the fact the one employment rate dropped to 7.4% had a lot to do with fact people gave up looking for work. >> that's the rub. the headline is good. a big part of that reason is that over 300,000 people dropped out of the workforce
the economy and the rocky negotiations to avoid that fiscal cliff. let's start with the good news the slowly improving unemployment numbers. in november the nation added 146,000 jobs and the unemployment rate dipped to 7.7%, the lowest in nearly four years. so what's behind this improvement and what impact could it have on the overall economy and the fiscal cliff talks? we have some answers with the chief investment analyst at charles swhaub. >> were you surprised by these numbers?...